Q2 2026 Stablecoin Overview Total market cap fell 1.6% to $305.1B, showing resilience despite the broader market pullback. @tether - $USDT remained the clear winner, increasing its market share to 60% and ending the quarter at $184.4B. @circle - $USDC recorded the largest outflow, losing $3.7B and falling to 24% market dominance. $USDT and $USDC now control 84% of the entire stablecoin market. Yield-focused stablecoins struggled @SkyMoney - $USDS fell 16.4%, while @ethena’s $USDe dropped 24.4%. @worldlibertyfi - $USD1 grew 5.5% to around $2.4B, continuing to expand after its strong Q1 performance. Smaller stablecoins also grew 6.2%, suggesting users are still exploring alternatives beyond the major players. The market is becoming increasingly divided. Large capital is prioritizing liquidity and trust, while newer stablecoins like $USD1 can still grow through strong ecosystems and effective distribution strategies.